The $800 Million Pill: The Truth behind the Cost of New Drugs

The Million Pill The Truth behind the Cost of New Drugs Why do life saving prescription drugs cost so much Drug companies insist that prices reflect the millions they invest in research and development In this gripping expos Merrill Goozner contends that

  • Title: The $800 Million Pill: The Truth behind the Cost of New Drugs
  • Author: Merrill Goozner
  • ISBN: 9780520246706
  • Page: 449
  • Format: Paperback
  • Why do life saving prescription drugs cost so much Drug companies insist that prices reflect the millions they invest in research and development In this gripping expos , Merrill Goozner contends that American taxpayers are in fact footing the bill twice once by supporting government funded research and again by paying astronomically high prices for prescription drugs.Why do life saving prescription drugs cost so much Drug companies insist that prices reflect the millions they invest in research and development In this gripping expos , Merrill Goozner contends that American taxpayers are in fact footing the bill twice once by supporting government funded research and again by paying astronomically high prices for prescription drugs Goozner demonstrates that almost all the important new drugs of the past quarter century actually originated from research at taxpayer funded universities and at the National Institutes of Health He reports that once the innovative work is over, the pharmaceutical industry often steps in to reap the profit.Goozner shows how drug innovation is driven by dedicated scientists intent on finding cures for diseases, not by pharmaceutical firms whose bottom line often takes precedence over the advance of medicine A university biochemist who spent twenty years searching for a single blood protein that later became the best selling biotech drug in the world, a government employee who discovered the causes for dozens of crippling genetic disorders, and the Department of Energy funded research that made the Human Genome Project possible these engrossing accounts illustrate how medical breakthroughs actually take place.The 800 Million Pill suggests ways that the government s role in testing new medicines could be expanded to eliminate the private sector waste driving up the cost of existing drugs Pharmaceutical firms should be compelled to refocus their human and financial resources on true medical innovation, Goozner insists This book is essential reading for everyone concerned about the politically charged topics of drug pricing, Medicare coverage, national health care, and the role of pharmaceutical companies in developing countries.
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      449 Merrill Goozner
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      Posted by:Merrill Goozner
      Published :2019-09-27T10:31:42+00:00

    657 Comment

    • C-Dawg says:

      Overall this book show how the american tax payer is being swindled out of thousands of dollars each year. This can be seen when he discusses how not only do people have to pay for the already high price of prescription medications, but also are having to pay for the government to research new medications. Goozner then shows how most of the actual research is being done through governmental institutes such as the hundreds of universities across the country and the National Institute of Health wh [...]

    • David Usharauli says:

      Reading book "The $800 Million Pill: The Truth behind the Cost of New Drugs" by Merrill Goozner (2005) was kind of revelation for me. Even if it is written more than 10 years ago, it feels if it was published yesterday.These days we are constantly reminded by pharma and biotech industry that it costs a lot of money to develop a drug. Some even suggests that it cost around 800 million or even more to develop a single drug. In fact, we "intuitively" accept that this statement must be true, notwith [...]

    • Michael says:

      I highly recommend seeking this book out and reading it. It gets kind of bogged down in the middle but the overall point and the researched perspective it provides is valuable - especially as we have policy debates on patent law and health care costs.

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